Do it yourself

Investor Questionnaire

If you have the time and know-how to create your own diversified investment mix, consider choosing one or more funds from the fund lineup available in your Plan.

If you choose to put together your own mix of funds, you can get help in determining the right asset mix by completing Vanguard’s Investor Questionnaire.

You should consider reviewing your asset mix once a year to see if it still matches your original target mix. If you find that your current and target mixes differ substantially, you may want to make investment changes to get back to your target mix.

Vanguard Target Retirement Trusts

A single Target Retirement Trust provides diversification and is designed to keep your assets invested appropriately for someone in your stage of life, up to and including your retirement years.

Investments in Target Retirement Trusts are subject to the risks of their underlying funds. The year in the trust name refers to the approximate year (the target date) when an investor in the trust would retire and leave the workforce. The trust will gradually shift its emphasis from more aggressive investments to more conservative ones based on its target date. The Income Trust has fixed investment allocations and is designed for investors who are already retired. An investment in a Target Retirement Trust is not guaranteed at any time, including on or after the target date.

Consider choosing the trust with the date that's closest to the year when you expect to retire. If you are already retired, consider choosing Vanguard Target Retirement Income Trust. This trust is designed to provide retirees with income and some capital appreciation.

Although Target Retirement Trusts can simplify investing, whenever you invest, there's a chance you could lose the money. Each Target Retirement Trust invests in several broadly diversified Vanguard funds. Whenever you invest, there's a chance you could lose the money. Diversifying means having different types of investments. It doesn’t guarantee you’ll make a profit or that you won’t lose money.

Key facts about Target Retirement Trusts

• Target-date trusts are not guaranteed. Investing in one doesn’t necessarily mean you’ll have enough income in retirement.
• The year stated in the name of the trust represents the year closest to the year of retirement. The investment strategy is designed, however, to take you to your target retirement date and through your retirement years.
• Consider investing in just one Vanguard Target Retirement Trust and choose the trust with the year that most closely corresponds with the year that you plan to retire from the workforce.
• Saving enough is crucial. Consider increasing your payroll deductions every year.
• Target-date trusts have a long-term strategy, and their prices will fluctuate with the stock and bond markets.
• You may want to reevaluate your trust selection if you change your retirement year.

A Vanguard Target Retirement Trust is a collective trust, not a mutual fund. This type of investment is offered only in retirement plans like yours. Before you invest, get the details. Know and carefully consider the objective, risks, charges, and expenses. Vanguard Fiduciary Trust Company manages the Vanguard collective trusts.